Forterra PLC (LON:FORT) Price Target Raised to GBX 340 at Berenberg Bank
Forterra PLC (LON:FORT) had its price objective upped by stock analysts at Berenberg Bank from GBX 320 ($4.15) to GBX 340 ($4.41) in a note issued to investors on Tuesday, August 8th, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s target price would suggest a potential upside of 23.86% from the stock’s previous close.
Several other research firms have also weighed in on FORT. Peel Hunt reiterated a “buy” rating and set a GBX 330 ($4.28) price objective on shares of Forterra PLC in a research note on Tuesday, August 1st. Jefferies Group LLC increased their price objective on shares of Forterra PLC from GBX 370 ($4.80) to GBX 380 ($4.93) and gave the company a “buy” rating in a report on Wednesday, August 2nd. Deutsche Bank AG increased their price objective on shares of Forterra PLC from GBX 272 ($3.53) to GBX 327 ($4.25) and gave the company a “buy” rating in a report on Monday, June 26th. Finally, BNP Paribas reiterated an “outperform” rating and issued a GBX 300 ($3.89) price objective on shares of Forterra PLC in a report on Thursday, May 18th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 293.75 ($3.81).
Forterra PLC (LON FORT) traded down 0.54% on Tuesday, reaching GBX 274.50. The company’s stock had a trading volume of 84,086 shares. Forterra PLC has a 1-year low of GBX 145.00 and a 1-year high of GBX 295.75. The company’s market capitalization is GBX 549.00 million. The firm’s 50 day moving average price is GBX 264.57 and its 200-day moving average price is GBX 234.63.
TRADEMARK VIOLATION WARNING: “Forterra PLC (LON:FORT) Price Target Raised to GBX 340 at Berenberg Bank” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of US and international copyright & trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/19/forterra-plc-lonfort-price-target-raised-to-gbx-340-at-berenberg-bank-updated.html.
In other Forterra PLC news, insider Martin Sutherland purchased 7,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were bought at an average price of GBX 279 ($3.62) per share, for a total transaction of £20,925 ($27,164.74).
Forterra PLC Company Profile
Forterra plc is a producer of manufactured masonry products. The Company is also a manufacturer of building products for the United Kingdom construction industry. The Company’s segments include Bricks, Blocks and Bespoke Products. The Company’s product range consists of clay bricks, Thermalite blocks, aggregate blocks, Red Bank chimney, roofing and flue systems, precast concrete and flooring products, and Formpave permeable block paving.
Receive News & Stock Ratings for Forterra PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forterra PLC and related stocks with our FREE daily email newsletter.